London Prepares For Payments Innovation Via iBeacons

The Brixton Pound organization announced this week that it has partnered up with payment solution provider Dingo to bring iBeacons to the southwest London area. Additionally, Brixton Pound worked with for the iBeacon hardware and integration aspect.

“Upon stepping inside a business that accepts the Brixton Pound, the app will automatically prepare a shortcut right on the lock screen of the phone,” the organization explained in a statement. “This feature will enable users to pay for everything in a few seconds, with no searching or typing, thanks to the use of iBeacon technology and small bluetooth devices by polish company inside every business.”

According to a recent 9to5Mac article, Brixton businesses launched a local currency in 2009,and it switched from paper into mobile payments by text. The currency is meant to keep the money in the community, while also supporting independent, local businesses. Starting next month, there will be a mobile app called the Brixton Pound. iBeacons will make it easier to prompt users for payments.

The news source added that the move will not only improve the checkout process for retailers, but that it could eliminate long retail lines.

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